That part of the dairy business which consists of the purchase, pasteurization and sale of milk and cream and the production and sale of buttermilk, as well as that part of the dairy business which consists of the manufacture of butter, condensed milk, evaporated milk, ice cream mix, ice cream, milk powder and cheese, is hereby declared to be subject to the intangible personal property tax under § 58.1-1100 and shall therefore not be taxable as a merchant under state or local law.
Code 1950, § 58-416; 1982, c. 633; 1984, c. 675.
Structure Code of Virginia
Chapter 11 - Intangible Personal Property Tax
§ 58.1-1100. Intangible personal property; segregated for state taxation
§ 58.1-1102. Intangible personal property of certain poultry and livestock producers
§ 58.1-1103. Exempt professions and businesses; how property used therein taxable
§ 58.1-1104. To what extent dairies taxable on intangible personal property
§ 58.1-1105. Suppliers of pulpwood, veneer logs, mine props and railroad crossties
§ 58.1-1106. Situs; nonresidents, branches outside of Commonwealth
§ 58.1-1107. Date as of which intangible personal property must be returned
§ 58.1-1108. Time for filing returns; payment of tax
§ 58.1-1109. Extension of time for filing returns
§ 58.1-1110. Where to file return; duty of the commissioner of revenue; audit and assessment
§ 58.1-1111. Application to fiduciaries generally
§ 58.1-1112. Forwarding to and audit of returns by Department
§ 58.1-1114. Assessment and payment of deficiency; penalties; application for correction
§ 58.1-1115. Refund of overpayment
§ 58.1-1116. Failure to pay tax when due; civil penalties
§ 58.1-1117. How intangible personal property tax collectible
§ 58.1-1118. Intangible personal property assessment sheets or forms